Casualty Insurance Coverage | California Casualty Insurance (2024)

FAQs

What is the coverage of casualty insurance? ›

Casualty insurance provides liability coverage within certain policies, like car insurance and home insurance. If you're responsible for someone else's property damage or bodily injuries, the casualty insurance portion of your policy compensates the person making the claim against you.

California Casualty insurance: Ratings and reviews

Based in San Mateo, California, the company offers a wide range of coverage types in a number of U.S. states. However, eligibility is limited to those who work in the professions of education, nursing, law enforcement or who work as first responders.

Casualty insurance includes vehicle insurance, liability insurance, and theft insurance. Liability losses are losses that occur as a result of the insured's interactions with others or their property. For homeowners or car owners, it's important to have casualty insurance, as damage can end up being a large expense.

Casualty insurance refers to insurance that covers the legal responsibility of individuals and businesses for losses stemming from damage to another's property or an injury to another person. This protection addresses the financial liability that a business or an individual may be legally required to satisfy.

Casualty insurance typically covers losses resulting from unexpected or sudden events, such as vandalism, that cause damage to property or result in liability.

Casualty insurance policies include coverage against theft, burglary, vandalism, and machinery damage. Casualty policies usually are written on specific risks, such as theft, rather than being all-inclusive.

casualty status The classification of a casualty for reporting purposes through seven casualty statuses: deceased, whereabouts unknown, missing, very seriously ill or injured, seriously ill or injured, incapacitating illness or injury and not seriously injured.

• Primary Casualty coverage plans include Workers' Compensation, General Liability, Automobile Liability, Physical Damage and more, and can be part of a holistic insurance solution across property, casualty and financial lines.

A “non-casualty” loss is defined as the damage, destruction beyond use, or loss of property from an identifiable event. Like a casualty, the precipitating event for a non-casualty loss must be unusual and unexpected, but unlike a casualty, it does not have to be sudden.

Are casualty and liability the same? ›

Casualty insurance is also sometimes referred to as liability insurance. Most often these policies are utilized to protect a business in the event it is sued or threatened with a liability claim by a third party for bodily injury and / or property damage.

Liability from the negligent acts and omissions of an individual, business or organization that causes bodily injury and/or property damage to a third party is the subject of casualty insurance coverage.

Casualty insurance is a defined term which broadly encompasses insurance not directly concerned with life insurance, health insurance, or property insurance. Casualty insurance is mainly liability coverage of an individual or organization for negligent acts or omissions.

Property insurance helps cover stuff you own like your home or your car. Casualty insurance means that the policy includes liability coverage to help protect you if you're found legally responsible for an accident that causes injuries to another person or damage to another person's belongings.

This coverage is one of the most important policies purchased by an insured. It provides the source of protection for catastrophic liability losses because of its high limits.

Deducting Premiums

The types of insurance premiums you can deduct include: Fire, theft, flood, or other casualty insurance.